insurance and pension news
Sunday, January 12, 2025
Kindly leave a comment and share Chuks Udo Okonta The late insurance guru Joseph Irukwu, did not just preached about insurance, he exemplified it by buying policies for everything he loved, as testified by his son Agu Irukwu, who said he got his first claims benefit on a stolen bicycle […]
Kindly leave a comment and share Chuks Udo Okonta Insurance practitioners across the globe have continued to count on the blessings, late Prof. Joseph Irukwu bequeathed on them and insurance practice. Since his demise on July 7, 2023, tributes have continued to rain from people, who he touched directly and […]
Kindly leave a comment and share Chuks Udo Okonta The insurance industry had between year 2020 to 2022 loss N165.83 billion on motor insurance business, Inspenonline can report. The Director-General Nigerian Insurers Association (NIA) Mrs. Yetunde Ilori, disclosed this recently at an event in Lagos, adding that the industry loss […]
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Insurance Industry consists of many arms which also parade many practitioners. The overview of the insurance industry * 56 Insurance Companies * 3 Reinsurance Companies * 460 Insurance Broking Companies * 51 Loss Adjusting Companies * 15,000 Insurance Agents […]
Kindly leave a comment and share Chuks Udo Okonta The continued downward sliding of the Naira over the Dollar which has soared above N1000, is ripping off through huge claims, the gains made by insurance companies in the ECOWAS Brown Card business. Available data from the Nigerian Insurers Association (NIA) […]
Kindly leave a comment and share Chuks Udo Okonta The insurance industry is expecting a gross premium of N148.30 billion from motor insurance this year, as against N56.76 billion recorded in 2022, Inspenonline can report. The Director-General Nigerian Insurers Association (NIA) Mrs. Yetunde Ilori, disclosed this in a paper entitled: […]
Kindly leave a comment and share As part of its Corporate Social Responsibility (CSR) , Cornerstone Insurance Plc Foundation (CIPLCF), on Thursday, October 12, 2023, kicked off its free medical outreach across five cities namely: Ibadan, Abuja, Uyo, Port Harcourt, and Lagos. The goal of the healthcare programme is to […]
Kindly leave a comment and share Chuks Udo Okonta The investiture of Prince Babatunde Oguntade as the 22nd President of Nigerian Council of Registered Insurance Brokers (NCRIB) will hold on Thursday, October 19, 2023, at Lagos Marriott Hotel, Ikeja GRA, Lagos, by 4:00pm. Profile of Prince Babatunde Oguntade “Grace comes […]
Kindly leave a comment and share Chuks Udo Okonta A Chartered Insurance Practitioner Wasiu Amao, has raised an alarm over non-compliance with no premium no cover regulation, as brokers do cancel credit notes upon expiry of 30 days ultimatum and underwriters warehousing claims when premiums were received late. Amao disclosed […]
Kindly leave a comment and share Chuks Udo Okonta The insurance industry is about to give a technical knock out to policy documents counterfeiters as plans are on top gear for all motor covers to be sold digitally through a platform to be hosted on Nigerian Insurance Industry Portal (NIIP). […]
